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- Merger creates West Africa’s next mid-tier gold producer
- Combined production expected to exceed 400,000 ounces of gold per annum
- Combined mineral resources of approximately 9.5 million ounces of gold
- Transaction expected to drive economic growth in Guinea
Predictive Discovery (ASX:PDI) and Robex Resources (ASX: RXR) have successfully wrapped up the long-mooted merger between the companies today, creating a leading West African gold production and development company.
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PDI, through its wholly owned subsidiary Acquireco, has acquired all the issued and outstanding common shares in the capital of Robex by way of a statutory plan of arrangement. The merged entity is targeting production of more than 400,000 ounces of gold per annum by CY29.
The two companies initially announced they had entered into a definitive agreement to combine in a merger of equals in early October CY25.
The Superior Court of Québec subsequently approved the merger in January after the arrangement was previously given the go-ahead by Robex shareholders at a special meeting held on December 30, CY25.
PDI’s key asset is the Bankan project in Guinea, which has an estimated average production of ~250K ounces per annum over 12 years and is advancing towards a final investment decision targeted for the second quarter of CY26.
Robex achieved commercial production at its Kiniero project in Guinea in February, having satisfied the commercial production criteria under both its senior secured facility agreement with Sprott and the Guinea mining code.
Commercial production status was achieved following the first shipment of gold on February 11, CY26. The shipment comprised approximately 197 kilograms of gold, which is equivalent to 6,336 troy ounces.
In announcing the merger, Predictive CEO and MD, Andrew Pardey, said the combination will have key strategic, financial and operational advantages.
“By combining two of West Africa’s largest and most advanced gold development projects and leveraging the proven track record of both management teams in Africa, we are creating a company that positions Guinea to become one of Africa’s top five gold producers,” he said.
“The new, diversified company will not only further de-risk our flagship Bankan project, but also deliver enduring value for shareholders, the communities where we operate and Guinea as a whole.”
PDI is up +0.82%, to 92.3¢. Mkt cap $2.411B.
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